$LINK under pressure: will it break 14.228 or fall to 13.35?
$LINK trades at US$14.192, with a 6.04% drop in 24h and a 16.45% gain over 7 days.
The day’s range was between US$14.051 and US$15.112. The EMAs are at 14.436 (20) and 13.879 (50), showing a sideways trend and an RSI of 47.9, indicating balance with no overbought conditions.
In Binance futures, funding is -0.0006% every 8h, open interest fell 11.5% in 24h and now totals US$139M. 68% of accounts are in long positions, but bearish pressure seems to be gaining ground.
Bullish scenario: if it breaks the 14.228 resistance, the next ceiling is at 15.112 and the move would remain valid as long as the price does not fall below support at 13.35. Bearish scenario: a drop below 13.35 would invalidate the rebound idea and open the way to 12.724, with the 14.228 resistance acting as a defensive ceiling.
I wouldn’t enter now—it smells like a trap without a clear impulse. Does it break 14.228 or does it retest 13.35? 🟢/🔴
#Chainlink #DeFi #Futures
This is not financial advice. Verify before investing.
$LINK trades at US$14.192, with a 6.04% drop in 24h and a 16.45% gain over 7 days.
The day’s range was between US$14.051 and US$15.112. The EMAs are at 14.436 (20) and 13.879 (50), showing a sideways trend and an RSI of 47.9, indicating balance with no overbought conditions.
In Binance futures, funding is -0.0006% every 8h, open interest fell 11.5% in 24h and now totals US$139M. 68% of accounts are in long positions, but bearish pressure seems to be gaining ground.
Bullish scenario: if it breaks the 14.228 resistance, the next ceiling is at 15.112 and the move would remain valid as long as the price does not fall below support at 13.35. Bearish scenario: a drop below 13.35 would invalidate the rebound idea and open the way to 12.724, with the 14.228 resistance acting as a defensive ceiling.
I wouldn’t enter now—it smells like a trap without a clear impulse. Does it break 14.228 or does it retest 13.35? 🟢/🔴
#Chainlink #DeFi #Futures
This is not financial advice. Verify before investing.
